So that's a little different argument, and more complex. Profit/loss is a weird thing in a non-profit. College Football (in the Power 5, and top tier group of

So that's a little different argument, and more complex. Profit/loss is a weird thing in a non-profit. College Football (in the Power 5, and top tier group of 5) itself is very profitable. But the money is quickly spent on the program and to fund the program and the department as a whole. Also, some stats there include Div II, III, etc. Programs without big TV deals, licensing revenue etc. do not make money from their athletic departments. Not a shocker or really what any of this is referring to. But for the major programs, the money from licensing, TV rights, conference revenue sharing, etc. covers the basics for women's programs and less popular sports. Then it gets dumped along with booster $ into the CFB football facilities arms race, ever growing coaching salaries, and multimillion dollar buyouts of contracts. This isn't totally unique to not-for-profit Universities either. Executive perks in non-profits are another way to make the year-end balance out. Government programs, and corporate departments dump cash at the end of their fiscal years to avoid losing the budget the next year.